Investments into Spanish startups by business angels are up 44 percent over last year in terms of euros, and this year investments were dominated by 17 rounds among 16 startups (Travelperk had two major funding rounds).

The volume of operations last year has been reduced by 27.1 percent, with 142 operations, however, the size of these has gone from €4.3 million in 2017 to €8.56 million this year.

The CEO and co-founder of Startupxplore, Javier Megias, highlighted this fact of the report, since “it has considerably exceeded all the investment of last year in 10 months” and that “there are fewer operations but they are larger.”

The weight of the investment has fallen in four rounds of financing, which have exceeded €50 million and accounted for 62 percent of the total investment.

Megias has stated that this phenomenon, together with the increase in operations, creates “a future market in which there will be more opportunities and perhaps better valuations in the initial phases of startups.”

The sectors that have stood out most by percentage of number of operations in the investment in startups were

Web consumers (14 percent)

Health (11 percent)

Mobility and logistics (8 percent)

Fintech, software and ecommerce (8 percent)

In terms of the amount invested, the sectors that have received the most funding were

Directories (35 percent)

Travel and leisure (15 percent)

Mobility and logistics (4 percent)

The Startupxplore report clarifies the number of startups potentially on the radar of investors in Spain, which reaches 3,415 companies, 4 percent more than in 2017.

Startupxplore is an investment platform that operates with first class companies, approved by the CNMV, with more than 13,000 investors and gateway to an ecosystem with 30,000 entrepreneurs, investors, startups and accelerators.